JACKSON ELECTRIC COOPERATIVE INC (EIN 740708876) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

JAMES COLEMAN

Phone

3617714400

Tax Period

2022-01-01 to 2022-12-31

JACKSON ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $85.2M in total revenue in fiscal year 2022. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $81.9M left a modest 4% surplus.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $77,600,722

Investment Income $285,306

Other Revenue $7,293,338

TOTAL REVENUE $85,179,366

Expense Breakdown

Grants Paid $14,347

Salaries & Benefits $7,563,683

Fundraising Expenses $0

Other Expenses $74,342,035

TOTAL EXPENSES $81,920,065

Year-over-Year Comparison

	2022	2021	Change
Revenue	$85,179,366	$69,176,755	+0.2%
Expenses	$81,920,065	$66,750,477	+0.2%
Net Income	$3,259,301	$2,426,278	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

105

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$394,281

Total Directors

$112,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE ELLIOTT	DIRECTOR	1.80	Director	$9,750	$0	$9,750
LH CORNELIUS JR	PRESIDENT	1.80	Officer Director	$9,000	$0	$9,000
WILLIAM HANSEN	VICE PRESIDENT	1.50	Officer Director	$10,200	$0	$10,200
JAMES HOFFMEISTER	DIRECTOR	3.50	Director	$10,050	$0	$10,050
TOM HUDGINS	DIRECTOR	1.90	Director	$10,950	$0	$10,950
MICHAEL JACOBS	SECRETARY/TREASURER	3.00	Officer Director	$10,950	$0	$10,950
JAMES ROACH	DIRECTOR	1.00	Director	$11,250	$0	$11,250
LAVAL SIMONS	DIRECTOR	2.00	Director	$9,750	$0	$9,750
PATRICK STUART	DIRECTOR	3.50	Director	$10,500	$0	$10,500
DOUG TISE	DIRECTOR	6.90	Director	$10,950	$0	$10,950
ANTHONY SMITH	DIRECTOR	1.90	Director	$9,600	$0	$9,600
JAMES E COLEMAN	GENERAL MANAGER	55.00	Officer	$254,052	$110,079	$364,131
MARTIN FLORES	FOREMAN	57.00	Highest	$126,644	$40,368	$167,012
RICHARD BOURLAND	OPERATIONS MANAGER	50.00	Highest	$116,947	$70,310	$187,257
EFRAIN MEZA	LINEMAN	40.00	Highest	$114,778	$17,112	$131,890
JOSE PALOMARES	FOREMAN	40.00	Highest	$113,952	$29,271	$143,223
JEREMY CERVENKA	FOREMAN	40.00	Highest	$113,892	$35,505	$149,397

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$85,179,366	$81,920,065	$172,050,486	$3,259,301
2021	$69,176,755	$66,750,477	$161,516,050	$2,426,278
2020	$62,514,139	$59,971,116	$153,123,644	$2,543,023
2019	$60,355,060	$57,818,846	$139,103,349	$2,536,214
2018	$61,195,009	$59,726,520	$135,019,297	$1,468,489

JACKSON ELECTRIC COOPERATIVE INC